01/23/2017 – Natural Gas

March natural gas:

1. On January 13 in our Williams edge live meeting it was noted that a daily close above $337.00 in March natural gas could be bought (aggressive only) for advance to $352/$53. We noted that any daily close back below $337.00 would indicate a decline (instead of an advance) down to $322/$21.

2. Subsequently, March natural gas closed at $340.00 indicating new long entry. However on January 18 the market declined and made it obvious that it would close the day back below $337.00 and therefore indicate a decline to $322/$21.

On January 20 March natural gas completed the $322/$21 downside target, completing the forecast/trade. Will message any further entry or indication in March natural gas.

David Williams